Selskapsmeldinger

Innkalling til ekstraordinær generalforsamling

Company news

2022-12-05 12:30:21

Det innkalles herved til ekstraordinær generalforsamling i MyBank ASA den 15. desember kl 10:00.

Valgkomiteen innstiller at det skal bli gjennomført to styreendringer og innstiller på å velge inn Rune Brunborg og Izabella Kibsgaard-Petersen på den ekstraordinære generalforsamlingen 15. desember.

Møtet gjennomføres elektronisk, i henhold til allmennaksjeloven § 5-8 (4).

Innkallingen er sendt til alle aksjonærer torsdag 01. desember 2022.

For mer informasjon:
Caroline Kvam Stokke, Daglig leder +47 415 77 296

   

Golar LNG Limited Contemplated buy-back of bonds

Company news

2022-12-05 07:10:01

5 December 2022

Golar LNG Limited ("Golar") announces an offer to buy-back parts of its USD 300,000,000 senior unsecured bonds maturing 20 October 2025 (with ISIN NO 0011123432) for cash (the "Buy-Back Offer").

DNB Markets (the "Manager") is acting as manager of the Buy-Back Offer. The Buy-Back Offer will be conducted as a "Reverse Dutch Auction", where bondholders can offer bonds, at desired volumes and prices, to Golar, through the Manager. Golar reserves the right to accept any volume up to an accepted price, or to reject all received offers. 

All bondholders, subject to legal constraints (if any) are hereby invited to provide offers for sale of all or a portion of their bonds through submission of the attached bondholders offer form (the "Bondholders Offer Form"). The final date for submission is 16:00 CET, 9 December 2022. On or prior to 09:00 CET on 12 December 2022, Golar will decide upon the highest buy-back price (the "Buy-Back Price") acceptable and consequently the total amount of bonds to be repurchased, if any.

All bondholders with offers equaling the Buy-Back Price or lower will receive the Buy-Back Price (plus accrued interest) on allocated amounts up to the amounts offered within the accepted maximum price. Golar may in its sole discretion reduce the number of Bonds to be acquired on a pro rata basis for Bonds offered at the Buy-Back Price. Cash settlement is set to 15 December 2022.

In the attached Bondholder's Offer Form further details and restrictions related to the offer is stated. Each bondholder must on its own consider if it is covered by any restrictions that hinders it from participating in the offer.

All submissions of Bondholders Offer Form must be sent by e-mail to DNB Markets no later than 16:00 CET, 9 December 2022. Contact details:

DNB Markets Credit Sales by tel: +47 24 16 90 30; or
DNB Markets, Bond Syndicate by e-mail: bond.syndicate@dnb.no 

Golar may, in its sole discretion, waive, extend, terminate or withdraw the size of the buyback at any time. Any prospective changes to this offer will be announced on www.stamdata.com.

Please see Bondholders Offer Form attached.

Enquiries:
Golar Management Limited: + 44 207 063 7900
Karl Fredrik Staubo - CEO
Eduardo Maranhão CFO
Stuart Buchanan - Head of Investor Relations

Important information:

The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada or Japan (including its territories and possessions) or in any other jurisdiction where such publication or distribution is unlawful.

This release is an announcement issued pursuant to legal information obligations and is subject of the disclosure requirements pursuant to the Market Abuse Regulation (MAR) Article 17 no. 1 and section 5-12 of the Norwegian Securities Trading Act, and was prepared by Stuart Buchanan, Head of Investor Relations at Golar LNG Limited, tel. +44 20 7063 7900. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction.

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflects managements current expectations, estimates and projections about its operations. All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future are forward-looking statements. Words such as may, could, should, would, expect, plan, anticipate, intend, forecast, believe, estimate, predict, propose, potential, continue, or the negative of these terms and similar expressions are intended to identify such forward-looking statements.

These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Golar LNG Limited undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable law.


Attachment




   

ETMAN, Q3-2022

Company news

2022-12-02 21:05:35

For nærmere informasjon kontakt CEO Jan Tore Skårland, jan.tore.skarland@etman.no
Tlf. +47 951 30 596


For further information, please contact CEO Jan Tore Skårland, jan.tore.skarland@etman.no
Tlf. +47 951 30 596

  Q3 2022 NOR.pdf

Eiendomsspar – handel i egne aksjer og meldepliktig handel

Company news

2022-12-02 16:42:54

Eiendomsspar har i dag kjøpt 50 154 egne aksjer til kurs kr 300. Selskapets nye beholdning av direkte eide egne aksjer er 799 212.

Styremedlem Leiv Askvig har i dag kjøpt 3 300 aksjer i Eiendomsspar til kurs kr 300 gjennom sitt selskap Basen Kapital AS. Leiv Askvig sin beholdning av aksjer i Eiendomsspar er etter dette 3 300.

   

CASTOR : Castor Maritime Inc. Announces the Deliveries of Two Containership Vessels and New $22.5 Million Debt Financing

Company news

2022-12-01 17:00:24

Castor Maritime Inc. Announces the Deliveries of Two Containership Vessels and New $22.5 Million Debt Financing

Limassol, Cyprus, December 1, 2022 – Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces the deliveries of two vessels.

On November 23, and on November 30, 2022, Castor took delivery of M/V Ariana A and M/V Gabriela A, respectively, both of which are 2005 German-built 2700 TEU containership vessels. We had agreed to acquire these vessels as previously announced at the time of the earnings release for the results of the third quarter of 2022.

The M/V Ariana A is currently employed under a time charter contract with minimum remaining duration of about four months at a minimum gross daily hire of $23,250.

The M/V Gabriela A is currently employed under a time charter contract with minimum duration of about sixteen months at a minimum gross daily hire of $26,350.

Both vessel acquisitions were financed with cash on hand and the net proceeds from a new senior term loan facility, further discussed below.


New $22.5 million Debt Financing

The Company also announces the closing of a $22.5 million senior term loan facility by two of its container vessel ship-owning subsidiaries, with an Asian financial institution (the “$22.5 Million Financing”) secured by its two containership vessels. The net proceeds from the $22.5 Million Financing were used to fund part of the acquisition price of the M/V Ariana A and M/V Gabriela A. The $22.5 Million Financing has a tenor of five years and bears interest at SOFR plus margin.


About Castor Maritime Inc.

Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of oceangoing cargo vessels.

Castor owns a fleet of 30 vessels, with an aggregate capacity of 2.5 million dwt, consisting of 1 Capesize, 7 Kamsarmax and 12 Panamax dry bulk vessels, 1 Aframax, 5 Aframax/LR2 and 2 Handysize tankers as well as 2 2700 TEU containership vessels.

For more information please visit the Company’s website at www.castormaritime.com
Information on our website does not constitute a part of this press release.


Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. We are including this cautionary statement in connection with this safe harbor legislation. The words “believe”, “anticipate”, “intend”, “estimate”, “forecast”, “project”, “plan”, “potential”, “will”, “may”, “should”, “expect”, “pending” and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these forward-looking statements, including these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward‐looking statements include the effects of the proposed Spin-Off, our business strategy, dry bulk and tanker market conditions and trends, the rapid growth of our fleet, our relationships with our current and future service providers and customers, our ability to borrow under existing or future debt agreements or to refinance our debt on favorable terms and our ability to comply with the covenants contained therein, our continued ability to enter into time or voyage charters with existing and new customers and to re-charter our vessels upon the expiry of the existing charters, changes in our operating and capitalized expenses, our ability to fund future capital expenditures and investments in the acquisition and refurbishment of our vessels, instances of off-hire, future sales of our securities in the public market and our ability to maintain compliance with applicable listing standards, volatility in our share price, potential conflicts of interest involving members of our board of directors, senior management and certain of our service providers that are related parties, general domestic and international political conditions or events (including “trade wars”, global public health threats and major outbreaks of disease), changes in seaborne and other transportation, changes in governmental rules and regulations or actions taken by regulatory authorities, and the impact of adverse weather and natural disasters. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward‐looking statements as a result of developments occurring after the date of this communication.

CONTACT DETAILS
For further information please contact:

Petros Panagiotidis
Castor Maritime Inc.
Email: ir@castormaritime.com

Media Contact:
Kevin Karlis
Capital Link
Email: castormaritime@capitallink.com

http://castormaritime.com Castor_Maritime_Inc_Announces_the_Deliveries_of_Two_Containership_Vessels_and_New_$22_5_Million_Debt_Financing.pdf

HEROIC GROUP: MINUTES FROM EGM - 23/11/2022

Company news

2022-11-30 10:10:12

To the shareholders of Heroic Group AS,

An extraordinary general meeting was held on the 23rd of November 2022.

All items on the agenda were approved in accordance with the board's proposed resolutions as set out in the notice of the general meeting dated 16th of November 2022.

The minutes from the meeting are enclosed.

Contact:
Joachim Harg, Head of Finance and Investor Relations
harg@heroic.gg
+47 911 25 560

http://www.heroic.gg Minutes from EGM - Heroic Group - 23 November.pdf

HEROIC GROUP: CHAMPIONS OF BLAST PREMIER FALL FINALS AND WORLD RANK #1

Company news

2022-11-29 17:19:33

On Sunday evening Heroic's Counter-Strike team took down Faze Clan 2-1 to become the champions of the BLAST Premier Fall Finals.

This is the first time a Danish roster has won BLAST event, and we couldn't be more excited that our players did it on their home soil winning USD 200,000 in front of 10 000+ fans in the Royal Arena, Copenhagen!

After winning BLAST Fall Finals, our Counter-Strike team has also climbed to #1 in the HLTV.org's world rankings!

The team will be playing their last event this year in Abu Dhabi in December at the BLAST Premier World Final, where they will fight to defend the #1 spot and end the year as the best team in the world! The tournament hosts the top 8 teams from the 2022 season and has a total prize pool of USD 1,000,000.

Contact:
Joachim Harg, Head of Finance and Investor Relations
harg@heroic.gg
+47 911 25 560

http://www.heroic.gg  

Araca Energy ASA: Results of the Annual General Meeting on the 28th of November 2022

Company news

2022-11-29 17:15:24

On the 28th of November 2022 the Annual General Meeting of Shareholders were held. All resolutions were passed unanimously. Items 1 through 11, and item 15, were passed as stated in the Call for the Meeting while items 12,13 and first part of 14 (referring to the Election of Board of Directors) were passed subject to the Board of Directors confirming that certain closing conditions under certain agreements (items 12 and 13) are satisfactorily fulfilled.

For further information, please contact the Araca Energy at office@araca.no

   

Victoria Eiendom - regnskap 3. kvartal 2022

Company news

2022-11-29 15:58:50

Victoria Eiendoms resultat før skattekostnad for perioden januar-september 2022 ble kr 1 544,0 mill., opp fra kr 619,2 mill. for tilsvarende periode i 2021. Økningen skyldes i hovedsak positiv resultatutvikling i det tilknyttede selskapet Pandox, drevet av omsetningsbaserte leieinntekter fra selskapets hoteller og positiv verdiutvikling på derivater og eiendom, men også økte leieinntekter i datterselskapet Eiendomsspar.

Resultat før skatt fra den underliggende virksomheten i Victoria Eiendom ekskl. Eiendomsspar var kr 202,9 mill. for perioden januar-september 2022, mot kr 302,7 mill. for tilsvarende periode i 2021. Nedgangen forklares av at det ikke har vært salgsgevinster av betydning så langt i år mot kr 125,3 mill. i salgsgevinst foregående år.

  Victoria Eiendom 3. kvartal 2022.pdf

Eiendomsspar - regnskap 3. kvartal 2022

Company news

2022-11-29 15:48:13

Eiendomsspars resultat før skattekostnad for perioden januar-september 2022 ble kr 1 454,3 mill., mot kr 593,8 mill. for tilsvarende periode i 2021. Økningen skyldes i hovedsak økte leieinntekter og en positiv resultatutvikling i det tilknyttede selskapet Pandox, drevet av omsetningsbaserte leieinntekter fra selskapets hoteller og positiv verdiutvikling på selskapets derivater forklart av stigende renter og økte eiendomsverdier som følge av valutaeffekter.

  Eiendomsspar 3. kvartal 2022.pdf

Endring av aksje: Avenir LNG Limited (AVENIR)

Corporate actions

2022-11-25 09:27:42

Det er foretatt endringer i Avenir LNG Limited (ISIN:NO0012748609, ticker AVENIR).

   

CASTOR : Castor Maritime Inc. Reports Record Net income of $37.1 Million for the Three Months Ended September 30, 2022 and $84.9 Million Net income for the Nine Months Ended September 30,2022.

Company news

2022-11-23 16:00:20

http://castormaritime.com Castor Maritime Inc. Reports Record Net income of $37.1 Million for the Three Months Ended September 30, 2022 and $84.9 Million Net income for the Nine Months Ended September 30, 2022..pdf

JACK: Information regarding payment of Instalment and Excess Cash Amount - Super Senior secured bonds with ISIN NO0010969207

Company news

2022-11-22 13:44:20

Reference is made to the upcoming Interest Payment Date in December 2022 were Jacktel AS will, according to Clause 10.1 of the Super Senior Bond Terms, pay USD 3,907,000 of Excess Cash in addition to the scheduled USD 1,000,000 instalment.

For further information, please contact:

Daniel Samuelsen
CFO
Macro Offshore Management AS
Tel: +47 91 75 83 01
E-mail:daniel.samuelsen@macro-offshore.com

   

Maritime & Merchant Bank ASA (MMBANK) Proposed dividend and a split of the shares

Company news

2022-11-22 11:45:40

The Board of Directors in Maritime & Merchant Bank ASA decided on the 18th of November 2022 to propose for The Annual Shareholders Meeting a dividend of USD 4 million for 2022, provided that nothing unexpected occurs, and a split of the shares 1/10. The proposal will take place in accordance with the regulatory framework. The Annual Shareholders Meeting will take place in the beginning of March 2023.

   

COND: Appointment of new CEO of CondAlign

Company news

2022-11-21 16:40:59

The board of CondAlign is pleased to announce the appointment of Harald Wahl Breivik as the new Chief Executive Officer of CondAlign AS with effect from 1 December 2022.

Harald Wahl Breivik has worked for CondAlign since June 2021 and comes from the position as VP Sales & Business Development. Before joining CondAlign, he held various operational, technical, and management positions in major oil companies, such as Statoil, Shell, and DONG energy, as well as positions in ABB Offshore Services, WellPartner, and Presens.

"It is a privilege to be part of an organization that delivers high-quality products and innovative solutions. I look forward to leading the company in a very exciting commercialization phase. I will do my best to help enable the company's growth and inspire our people to fulfill their passion for creating new innovative solutions.", says Harald Wahl Breivik.

Breivik holds a Master of Science degree (MSc) in Mechanical Engineering from the Norwegian University of Science and Technology (NTNU). He is replacing Bjørn Maarud, who joined the board in November 2020 and has been CEO since January 2021.

"We are very pleased that Harald Wahl Breivik has accepted the position as the new CEO of CondAlign. The company has gained a leader who understands the company and has broad experience in leading this type of company and commercializing technological products. His unique knowledge and experience will be crucial as the company now enters the commercialization phase", concludes Chairman Jo Uthus.

Maarud now wants to devote more of his time to various board positions but will continue as an advisor to CondAlign in a transitional phase.

"On behalf of the board and the largest owner, I would like to thank Bjørn Maarud for his efforts to build and strengthen the organization and for positioning the company for further exciting growth. CondAlign is now entering the commercialization phase. With Breivik's extensive insights in operations, sales, marketing, and management, one can certainly say he is the right man in the right place at the right time.", says Rune Rinnan, Group CEO of Nordic Technology Group.


Contact information

Rune Rinnan
Group CEO | Nordic Technology Group
+47 90 05 60 28

Harald Wahl Breivik
Chief Executive Officer | CondAlign AS
+47 976 33 815



ABOUT CONDALIGN
CondAlign is a Norwegian technology company developing and supplying conductive films for connecting electronics and transferring heat. CondAlign’s products address existing and new markets within electronics and e-mobility. The patented technology enables development of new break-through consumer products as well as industrial applications, providing improved performance, sustainability and cost savings.
CondAlign is based in Oslo, Norway with a global customer footprint

http://www.condalign.no/  

HEROIC GROUP: NEWSLETTER - NOVEMBER 2022

Company news

2022-11-21 12:36:28

Dear investors,

Attached you will find our newsletter for November '22.

Please reach out if you have any questions.

Contact:
Joachim Harg, Head of Finance and Investor Relations
harg@heroic.gg
+47 911 25 560

http://www.heroic.gg Heroic Group - Newsletter - November 2022.pdf

GLEX: Excerpt from Shareholder Letter

Company news

2022-11-18 08:51:17

Shareholder letter published November 18, 2022:

Investoroppdatering fra Glex AS

November 2022

Vellykket “Proof of Concept” - Glex presenterte på TGS-konferanse:

Glex er tilfreds med å kunne meddele at tidligere omtalte Proof of Concept-studie (OTC-melding 27.05.2022) med en av verdens ledende dataleverandører mot energibransjen, utvikler seg tilfredsstillende og nærmer seg avslutning. Glex ble i den forbindelse invitert til å holde en eksklusiv presentasjon for oppdragsgivers kunder 3. november. Oppdragsgiver på prosjektet er TGS.

Glex er i gang med nødvendige tiltak og forberedelser til veien videre i dette prosjektet, men kan meddele at partene jobber etter en målsetting om å gjøre TGS’ brønndata kommersielt tilgjengelige i plattformen Glex Energy.

Dataene gjøres dermed tilgjengelig for sluttbrukeren i kontekst med andre relevante datakilder, med et rammeverk som muliggjør filtrering og analyse på tvers av flere ulike datasett. Vi undersøker også mulighetene for andre verdiøkende modeller for begge parter.

Lansering av nye produkter:

Glex har siden sist oppdatering ferdigstilt utvikling og leveranse av tidligere omtalte nye produkter (OTC-melding 27.05.2022).

De nye produktene har vært igjennom en "myk lansering" ut i markedet, og vi vil i ukene og månedene fremover trappe opp salg og markedsførings betraktelig.

Produktene sørger for at vårt nedslagsfelt innenfor olje- og gassnæringen er bredere, og vil være viktige brikker i Glex' kommersielle satsing i månedene fremover.

Øker satsingen på markedsarbeidet:

Glex har ansatt Øyvind Søvik som markedsansvarlig fra 1. november. Øyvind har lang erfaring fra rådgivning og salg av software og analyser mot finans og energiselskaper/tradingselskaper.

Ansettelsen er et ledd i Glex' uttalte satsing på vekst etter en periode der produktutvikling har vært nødvendig for å imøtekomme de behovene som skal dekkes i markedet.

I tillegg har Glex inngått avtale med ScaleUp XQ, som er en ledende leverandør av selgerkapasitet og salgsmetodikk innen salg av B2B software.

Fra månedsskiftet november-desember vil Glex med dette signifikant øke markedsføringen utenfor Norge, der målgruppen er olje- og gasselskaper som opererer i Nordsjøbassenget. Hovedfokus vil være på det britiske markedet, dog vil markedsaktivitetene omfatte hele Nord-Europa.

Nye utviklere:

Glex rigger selskapet for vekst, og ansatte to nye utviklere fra 1.8.2022. Alen Bhandari, fra Nepal, og Nicolás Diel, fra Argentina. Alen har sin utdannelse fra NTNU innenfor programmering, der han skrev sin masteroppgave om temaet maskinlæring og Computer Vision. Nicolás er utdannet innen spillutvikling og VR. Begge er bosatt i Bergen og jobber på Bergens-kontoret.

Nye lokaler:

Som nevnt i forrige aksjonærbrev har Glex som følge av økt aktivitet og planlagt vekst fremover flyttet til nye og moderne lokaler i Damsgårdsveien 131 på Laksevåg i Bergen.

About Glex:

Glex AS is a software company that develops advanced analysis and collaboration tools for anyone working on industrial energy decisions, whether exploring or producing hydrocarbons, seabed minerals or exploiting offshore wind or potential reservoirs for carbon storage. Our SaaS Glex Energy® has been in development since 2017. The team consists of industry professionals with extensive experience and unique domain expertise, combined with data-science competence and software developers with a background in the gaming and visualization industry.

Contact:
Enquiries: contact@glex.no
CEO Jørgen Engen Napstad +47 934 06 526

http://www.glex.no  

GoodBulk Ltd. (N-OTC: BULK) Announces Financial Results for the Third Quarter Ended 30 September, 2022

Company news

2022-11-17 15:02:24

Hamilton, Bermuda – (17 November, 2022) – GoodBulk Ltd. (“GoodBulk” or the “Company”) (N-OTC: BULK) an owner and operator of dry bulk vessels today announced its financial results for the third quarter ended 30 September, 2022.

About GoodBulk Ltd.
GoodBulk, incorporated in Bermuda, is an owner and operator of dry bulk vessels formed in October 2016 for the purpose of owning high quality second hand dry bulk vessels between 50,000–210,000 DWT. As of end-October 2022, GoodBulk controlled a fleet of 14 Capesize vessels. Designed to provide an efficient company for investors to access the dry bulk market, all vessels are externally managed by C Transport Maritime S.A.M. a leading third-party manager of dry bulk vessels. GoodBulk is listed on the Norwegian OTC market under the symbol “BULK.” More information can be found online at www.goodbulk.com.


Company contact
John Michael Radziwill
CEO and Chairman
GoodBulk Ltd.
Tel +377 97 98 59 87
Email jmradziwill@goodbulk.com

https://goodbulk.com/ GoodBulk Q3 2022 Earnings Release.pdf
GoodBulk 30_09_22 FS.pdf

CASTOR : Castor Maritime Inc. Announces Proposed Spin-Off of its Tanker Fleet

Company news

2022-11-16 23:12:03

Castor Maritime Inc. Announces Proposed Spin-Off of its Tanker Fleet

Limassol, Cyprus, November 16, 2022 – Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announced today that its Board of Directors, consisting of its independent disinterested members (the "Board"), has decided, on the recommendation of a special committee of the Board, to effect a spin-off of its tanker fleet comprising one Aframax, five Aframax/LR2 and two Handysize tankers (the “Spin-Off”). In the Spin-Off, Castor shareholders will receive two common shares of Toro Corp. (“Toro”), a newly formed subsidiary that will act as the holding company for the eight tanker vessels, for every five Castor common shares held at the close of business on December 6, 2022 (the “Record Date”). Toro has applied to have its common shares listed on the Nasdaq Capital Market. Castor’s Chairman, Chief Executive Officer and Chief Financial Officer, Petros Panagiotidis, has been appointed as Chairman and Chief Executive Officer of Toro with effect as of the completion of the Spin-Off.

The Board believes that the creation of a business in a distinct sector of the shipping industry – tankers – will provide significant benefits to both companies and their shareholders. The transaction is expected to enable each of Castor and Toro to increase its focus on its respective line of businesses, enhance operational efficiencies, facilitate efficient strategic expansion, attract new investors, and, with this dividend distribution of Toro common shares, give Castor shareholders the flexibility to monetize or adjust their equity holdings according to the shipping sectors in which they want to invest.

Castor shareholders do not need to take any action to receive Toro shares to which they are entitled, and do not need to pay any consideration or surrender or exchange Castor common shares. Fractional Toro common shares will not be distributed to Castor shareholders. Instead, the distribution agent will aggregate fractional Toro common shares into whole shares, sell such whole Toro shares in the open market at prevailing rates promptly after Toro’s common shares commence trading on the Nasdaq Capital Market, and distribute the net cash proceeds from the sales pro rata to each holder who would otherwise have been entitled to receive fractional common shares in the distribution. The distribution is expected to occur on or about December 15, 2022 (the “Distribution Date”).

Toro has filed a registration statement on Form 20-F pursuant to the Securities Exchange Act of 1934 with the Securities and Exchange Commission, which includes a more detailed description of the terms of the proposed Spin-Off. The Spin-Off remains subject to the registration statement on Form 20-F being declared effective and the approval of the listing of Toro’s common shares on the Nasdaq Capital Market. There can be no assurance that the Spin-Off will occur or, if it does occur, of its terms or timing. A copy of the registration statement on Form 20-F is available at www.sec.gov. The information in the filed registration statement on Form 20-F is not final and remains subject to change.


About Castor Maritime Inc.

Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of oceangoing cargo vessels.

Castor owns a fleet of 28 vessels, with an aggregate capacity of 2.4 million dwt, consisting of 1 Capesize, 7 Kamsarmax and 12 Panamax dry bulk vessels, as well as 1 Aframax, 5 Aframax/LR2 and 2 Handysize tankers.

For more information please visit the Company’s website at www.castormaritime.com
Information on our website does not constitute a part of this press release.


Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. We are including this cautionary statement in connection with this safe harbor legislation. The words “believe”, “anticipate”, “intend”, “estimate”, “forecast”, “project”, “plan”, “potential”, “will”, “may”, “should”, “expect”, “pending” and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these forward-looking statements, including these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward‐looking statements include the effects of the proposed Spin-Off, our business strategy, dry bulk and tanker market conditions and trends, the rapid growth of our fleet, our relationships with our current and future service providers and customers, our ability to borrow under existing or future debt agreements or to refinance our debt on favorable terms and our ability to comply with the covenants contained therein, our continued ability to enter into time or voyage charters with existing and new customers and to re-charter our vessels upon the expiry of the existing charters, changes in our operating and capitalized expenses, our ability to fund future capital expenditures and investments in the acquisition and refurbishment of our vessels, instances of off-hire, future sales of our securities in the public market and our ability to maintain compliance with applicable listing standards, volatility in our share price, potential conflicts of interest involving members of our board of directors, senior management and certain of our service providers that are related parties, general domestic and international political conditions or events (including “trade wars”, global public health threats and major outbreaks of disease), changes in seaborne and other transportation, changes in governmental rules and regulations or actions taken by regulatory authorities, and the impact of adverse weather and natural disasters. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward‐looking statements as a result of developments occurring after the date of this communication.

CONTACT DETAILS
For further information please contact:

Petros Panagiotidis
Castor Maritime Inc.
Email: ir@castormaritime.com

Media Contact:
Kevin Karlis
Capital Link
Email: castormaritime@capitallink.com

http://castormaritime.com Castor Maritime Inc. Announces Proposed Spin-Off of its Tanker Fleet.pdf

HEROIC GROUP: NOTICE OF EXTRAORDINARY GENERAL MEETING

Company news

2022-11-16 21:22:29

To the shareholders of Heroic Group AS,

The board of directors hereby calls an extraordinary general meeting.

Time: 23 November 2022 at 10:00 (CET)
Place: Digital (video conference)

Log in details will be forwarded to all shareholders.

The notice including proxy form is enclosed.

For further information, please contact:

Joachim Harg, Head of Finance and Investor Relations
harg@heroic.gg
+47 911 25 560

http://www.heroic.gg Heroic Group - Notice for EGM - 23 November 2022.pdf

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